Don't miss out on this rare 6-plex multifamily property in the highly desirable Santa Anita tract of Monrovia, CA. Perfect for 1031 exchanges or first-time investors, this exceptional property at 1719 Encino Ave offers six well-maintained units, each with 2 bedrooms, 1 bathroom, and one individual garage per unit. The expansive 17,775 sq ft lot includes extra parking and larger yards for the two detached back units, providing one additional parking space for each of the two back units. Each unit has washer/dryer hookups, and a dishwasher and stove are provided. Recent upgrades include new dual-pane windows, a repaved driveway, newer wall A/C units in all units, upgraded service panels in all six units, and new wood fencing that enhances the property's curb appeal along with landscape lighting. Nestled on a quiet cul-de-sac near the Monrovia train station, the 210 freeway, parks, shopping, and dining, this property is situated in a rapidly growing market with rising property values, ensuring strong rental demand and excellent potential for capital appreciation. Don’t miss the chance to secure this rare, income-generating property in one of Monrovia’s most sought-after neighborhoods.
Mls | CV24181257 |
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Listing Type | For Sale |
Style | Mixed Use |
Subtype | Resale |
Status | Active |
Year | 1963 |
Days On Site | 99 |
Listing Provided By | SOUTHLAND PROPERTIES 626-914-6999 | Ann Blanco |
Sq Feet | 5,712 |
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Garage | 6 |
Storys | 1 |
Units | 6 |
Buildings | 6 |
Zoning | MORPD* |
Acreage | 0.41 |
State | CA |
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County | Los Angeles |
City | Monrovia |
Zip Code | 91016 |
Area | 639 Monrovia |
Listing VS Median (in 91016) | |
Price: $3,400,000 low | high Med: $949,999 SqFt: 5,712 low | high Med: 1,572 $ / SqFt: $595 low | high Med: $604 On Site: 99 low | high Med: 153.000000 |